Iran's Foreign Ministry believes that if the West seriously considered blocking Tehran's ability to export oil, the global price of crude would more than double, Foreign Ministry spokesman Ramin Mehmanparast was quoted as saying on Sunday.
December 4, 2011 1:43
Originally planned to launch on March 7, BFX seems finally set to launch in two weeks with the bourse to remaining in Bahrain despite recent unrest.
April 6, 2011 2:46
Central bankers claim no influence on oil prices but history says otherwise. Meanwhile, the Euro hits 14-month high as Libyan rebels call on NATO for more strikes.
April 6, 2011 2:38
Iraq expects its oil output to more than double to 6.5 million barrels per day by 2014, Oil Minister Abdul-Kareem Luaibi.
March 22, 2011 3:45